Palm Steakhouse Family Puts End To Long-Running IP Feud

Law360 (June 19, 2020, 8:22 PM EDT) -- A long-running trademark battle between descendants of The Palm steakhouse chain's founders came to an end Wednesday when the parties told a Florida bankruptcy court they had reached a deal that will get minority shareholders a fraction of the $126 million judgment they were awarded in a New York court.

Under the terms of the deal, majority owners Bruce E. Bozzi Sr. and Walter J. Ganzi Jr., the grandsons of the original owners, will give up their interests in the steakhouse chain and agree to drop any appeal of the $126 million judgment, which was just affirmed by a New York...

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